Eduardo Sergio Elsztain (born January 26, 1960) is a prominent Argentine businessman, his country’s largest landowner and real-estate developer. According to one Israeli news source, he is considered the wealthiest Jew in South America.
Elsztain is ACTIVE IN JEWISH PHILANTROPHIC CAUSES as the prime Argentine supporter of and fundraiser for the World Jewish Congress (WJC) and for Taglit-Birthright Israel, and as the PRESIDENT OF CHABAD ARGENTINA.
He and his companies are also one of the largest producers of Genetically Modified Soyabeans
He is also President of Hillel Argentina and Taglit Birthright Argentina. Close to leading American Jewish executive Edgar Bronfman, he was named Treasurer of the WJC in 2005, and then served as chairman of its Governing Board (the group’s second-highest post) from 2009 to 2013.In May 2013, he was elected a vice-president of the World Jewish Congress and became chairman of the new WJC Business Advisory Council
Elszatin is the Chairman of the Boards of
(i) IRAS Argentina´s largest real estate company, operating a diversified portfolio of shopping centres, office buildings, luxury hotels and residential properties in Argentina and United States;
(ii) Cresud a leading agri-business company, with presence in Argentina and Bolivia, involved in activities such as crop production, beef cattle raising and milk production;
(iii) BrasilAgro Companhia Brasileira de Propriedades Agrícolas, Cresud’s arm in Brazil and Paraguay;
(iv) Banco Hipotecario one of Argentina’s largest commercial banks, engaged in the personal banking and corporate banking sectors.(Elszatin is the largest private shareholder ,the remaing stake being with the Argentinian Govt)
(v)Austral Gold a precious metals mining company based in Australia but operating mainly in S America He has 68 percent stake and Chairmanship of Austral Gold
(vi) (Co-Chairman)IDB Development , a leading conglomerate in Israel which directly and indirectly owns Clal Insurance Enterprises Holdings , Shufersal , Cellcom , Properties & Building Corp. , ADAMA Agricultural Solutions, Elron Electronic Industries among others;
Eduardo Sergio Elsztain was born in Buenos Aires in 1960. His grandfather, Isaac Elsztain, had left Russia in 1917, after the Russian Revolution, and settled in Argentina, where he purchased various properties. He founded Inversiones y Representaciones Sociedad Anónima (IRSA) in 1943 as an independent realty firm.
The company’s management change, from Elsztain’s grandfather to him, took place in the first half of the 1980s, right after Elsztain returned to Buenos Aires from a volunteer year in Israel . Eduardo, who was born on January 28, 1960, was just 21 in 1981 when his uncle, who managed IRSA, died, and his grandfather asked him to revive the company that had become a financial corpse
He first borrowed money from a money laundering fellow Argentinian Jewish crook named Marcelo Mindlin who have been charged with moneylaundering and other economic crimes
After that he went on to bigger things with an even bigger Jewish crook George Soros alias György Schwartz In an interview with the herusalem Post he describes the ““life changing meeting”with Soros in New York I somehow managed to land a meeting with George Soros, a very rich man. We talked for an hour or so, and then he asked me how much money I thought I could handle. I told him I could manage $10 million, and he said ‘Okay, no problem!’”
La Nacion noted in 2005 that while Elsztain, at that time, enjoyed a considerable “degree of recognition and influence…internationally,” he keeps a “low profile” in Argentina. Elsztain has had close ties to the governments of Argentinian presidents Néstor Kirchner and Cristina Fernandez de Kirchner, and has been in longstanding business partnerships with figures such as Marcos Mindlin who have been charged with money-laundering and other offenses. Elsztain himself has been depicted as a corrupt “Kirchnerista” and a member of the “Argentinian Jewish mafia.”
Elsztain has been described as being “close to Kirchnerism” When Nestor Kirchner died in 2010, Elsztain and other leaders of the World Jewish Congress and Latin American Jewish Congress sent their condolences to Kirchner’s widow, Cristina Fernandez de Kirchner. Elsztain said that the late Nestor Kirchner “always had an open ear for concerns among the Jewish community, not just in Argentina, but across the continent,” and that he had “often interceded, for the benefit of our communities, with fellow statesmen in other countries.”